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tv   Your Bottom Line  CNN  June 2, 2012 6:30am-7:00am PDT

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but it's reasonably balanced with a nice malt to go along with it. it's 7.3%. it's not overwhelmingly alcoholic. at the same time it just goes down easy and smooth. >> when noon comes around, that tastes like a lot more. good times. >> kraig torres, weigh appreciate it. >> you're everything reynolds said you were. i appreciate you bringing gifts. >> my pleasure. >> man ly beer for father's day. >> cheers. >> all right, guys. and, listen, thanks for watching "cnn saturday morning." some fantastic show. "your bottom line" starts right now. good morning. i'm christine romans. the economic crisis cost millions of americans their jobs. now the life line for those out of work the longest is going away. millions of americans walking the tightrope trying to avoid falling from the middle class. lose your job and you'll need a net to catch you. >> i will do everything in my power to get people good jobs,
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to make sure we have a safety net that cares for people that are falling from the middle class into poverty. >> 99ers receiving an unprecedented 99 weeks of jobless benefits. >> fight, fight, fight. >> but 20 straight months of job gains have many wondering when do you cut the cord? >> when do it we want it? now. >> with no easy answers for the long-term unemployed, what can and what should government do? >> sometimes it means making sure that there's a safety net. >> by the end of the summer the gaps in the safety net will be a whole lot wider, more than 100,000 americans across six states are set to lose the extended unemployment benefits they've been receiving from the federal government. those are the states in yellow, rhode island, idaho, nevada, new jersey, new york, west virginia, and also washington, d.c. as state unemployment rates improve the kind of federal extensions that led to 99 weeks
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of support are being phased out. stevon moore is an editorial writer with "the wall street journal." the benefits may be disappearing but the problem that led to these extraordinary emergency measures are not going away. 5 million americans remain out of work for six months or longer. are we cutting the cord too soon considering how weak this economic recovery has been? >> well, i certainly agree with you, christine, this has been a weak jobs recovery, one of the weakest we've had, and that's the core of the problem, isn't it? there aren't enough private sector jobs out there that are being created. but, you know, i've never been a fan of extending unemployment benefits beyond six months or a year. two years of benefits is just too much and i'll tell you why, christi christine. i think that one of the worst things you can do for someone who loses their job, and there's nothing more tragic than someone in their 30s or 40s or 50s losing their life line, their job. the problem is we have incentivized and the data is clear. we do incentivize people to stay
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unemployment and continue to collect those benefits. what happens is the people start looking for jobs very vigorously once the benefits run out. and that's, i think, the problem i have with the many extensions that we've made. i think we've had like ten extensions. >> let's bring in bob herber, a senior fellow. i'm pretty sure he will disagree with you. bob, the simple argument would be if you want lower unemployment, you need to stop paying people not to work. are we focused here on the wrong goal? >> we are focused on the wrong goal. and the first place i think the reason should be to provide assistance to people who are really hurting. >> 26 weeks but going to 99 weeks. >> as steven said, the economy has been in such dire shape for so long. he and i have looked at the same data and i think he'll agree that while there is some evidence that extended unemployment insurance keeps some people from look iing for work, it's a small -- it's a relatively small percentage. and i don't think that all of the people who are helped by
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extended benefits should be punished because of the small percentage that maybe are abusing the system. >> i want to bring this up quickly. mark zandi, a frequent guest on the show, estimates that every dollar you spend on unemployment benefits is $1.61 that goes into the economy. so there's some now, even those opposed to really long extensions who are a little worried about taking away what amounts to a stealth stimulus at a time when the economy isn't really that robust. what do you say to that? >> christine, please tell me you don't actually believe unloimt -- >> my dear, i'm the devil's advocate. it's my job to get you two to go at it, not anything else. >> you can make the case that for humanitarian reasons we should provide a safety net for people, and that's an argument we can have. but you cannot make a rational case that paying people money to not work is somehow stimulating people to work. it's the opposite of what happens. what you are doing extending unemployment insurance is taking people -- money from people who are working and you're giving it
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to people -- >> actually you're borrowing money from elsewhere to take money to give to people. so you could even take that a step further. i want to you jump in. >> there is a stimulus effect to the economy. i don't think it is a huge effect but putting that money into circulation is helpful. but what's important to keep in mind here, there are not enough jobs available for all the people who want and need to work. i mean, we need to keep that in mind. if it was a case we had all these jobs and then we have all these people sitting at home watching television or playing with their gadgets instead of going out looking for work, that would be one thing. that is not the situation. >> there's another situation -- >> i talked to employers a lot and they would disagree with you on that. >> they say they can't hire workers. they say that they have shortages of labor. >> with all of those jobs that the employers say that they can't find workers for -- >> those are skill jobs. >> you have an enormous number of americans out of work even if you filled all those jobs.
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>> let's go back and we'll talk about the skilled labor shortage next week and you can hash that out. >> you've got a deal. >> that's another very good angle of the story. >> but no one helps their skills, bob, if they're not working at all. that's my point. >> taking a job as a janitor, what skills are you improving? >> anything you do is better than sitting on your butt and watching tv even if it's cnn. >> i think we all agree most americans don't want to accept their only income is going to be a jobless check for the rest of their lives. >> i hope you're right. >> i think that's not the case. thank you. nice to see both of you. have a wonderful weekend, gentlemen. up next, latinos are the fastest growing voter block in the united states. democrats assume they have their vote. but will staggering latino unemployment evict president obama from the white house and put his rival in his place? it all begins and ends in the classroom. does class size matter to you? we'll get to the bottom line of this controversial issue that mitt romney has brought back
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key in battleground states like florida, nevada, new mexico, and colorado. and as we're going to show you, that's exactly where the republicans were tripped up in past elections. democrats consistently won the latino vote in the past four presidential elections. let's look at these dark orange counties bordering mexico. these are areas all around the country here actually you can see with higher concentrations of latino voters according to 2010 census data. this is where the president did very well in some of these places here which have high concentrations of voters. i will show you how it turned out when you look at voter tu turnout and who won what. obama beat out senator john mccain 2-1 in 2008, clinching the key counties. every place blue here is where the president won. in 1996 president clinton won 72% of the latino vote. the president, george w. bush, made real inroads in the 2000 and the 2004 elections. in his last run bush nabbed 44% of the vote. but kerry still won it with 53%. the latest poll from pew
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research has them leaning heavily over president obama over romney. 66% of latino wealth wiped out, is this an opportunity for mitt rommie to win some of the hispanic vote? joining me now is leslie sanchez and rita cordona, a democratic strategist. welcome, both of you. >> thank you. >> good morning. leslie, various polls show immigration isn't the main concern for latinos. it's the economy. it's jobs. but in light of mitt romney's harsh primary position on immigration, can he change that negative perception out there that among some latinos before the election? >> many people are still looking at both parties and i think are going to be making up their minds. the reality is many folks are looking at president obama and trying to decide did his economic leadership help them in their ability? i think if you look at the fact two-thirds of hispanic
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households have somebody in their family that was without a job over the last year or the h hispanics are falling in poverty at a higher rate than any other group, the answer is no, their situation is not better than it was three years ago. those create opportunities not only for mitt romney but the republican party, a good, strong conservative candidates all the way down. >> the background noise of the conversation has always been about immigration but it's these things, these kitchen table things in this bad economy that affect all americans. bad but improving economy. all americans seem to be the things that are polling real high for so many latino voters. the obama camp just released its third in a series of spanish language radio ads highlighting the president's record on jobs and health care saying that they added 4.2 million jobs through april of this year. but unemployment among latinos is still in double digits. could this be seen as a broken promise among latinos and democrats who wanted to have a
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better situation? >> well, certainly the president needs to keep communicating what he has done not just for the latino community but for the country as a whole in terms of rescuing the economy from a second great depression which is exactly what he was handed when he walked into the oval office. and, yes, latino unemployment is still in the double digits but like unemployment in general, it is going town. so that is something that the president needs to continue to talk about. health care, the same thing. the president's health care act gives latinos 9 million latinos, christine, health care coverage that wouldn't -- they wouldn't have it without the affordable health care act and what does mitt romney want to do? repeal it on the very first day. and let me just mention one important issue about immigration. we do know, we all agree, it is not the number one issue for latinos. jobs and the economy is, the same as it is for all americans. but immigration has become for latinos what we call a filter issue or a litmus test issue. >> right. >> meaning that if latinos do not like the way that you are
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talking to them about immigration, about the people they know and the family members they may have in their own family without legal status, they're not going to listen to you on anything else. >> you say that romney has been the problem area but, leslie, i want to ask you this first, it is president obama's aggressive policies on deportations that makes people on the left very, very unhappy about his own -- their own president's policy on immigration. so is that something that mitt romney can sort of find some ground with? >> you hit the nail on the head. you know, the way many hispanic voters feel is that the democrats and the obama administration invited them to the party but then they didn't realize their job was to park the cars when they got there. and i say that because promises mean something to the hispanic community. we felt as if we were included and divided and i will argue many hispanic voters feel both democrats and republicans have really ignored this community and understanding their true
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needs meaning the economic issues, meaning when you make a commitment to pass immigration reform, stick to your commitment. >> maria? >> recent poll actually talked about the big challenge , and it is a challenge in terms of the immigration promise. despite those challenges, it still showed large majorities of hispanic voters were supporting 0 this president for a couple of reasons. number one, they do see that it is only this president, the one who has been talking about comprehensive immigration reform, and he basically says he can't do it alone. the republican senators in the senate right now that just a few short years ago supported comprehensive reform, before the party will yolurched to the rig. there are zero today, christine. and the president needs to continue to talk about that because the president says if we had a handful of republican senators, we could pass it tomorrow. >> ladies, i know. we have five and a half months
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to continue to watch every turn. thank you so much, leslie sanchez, and maria cardona. >> thank you, christine. up next, mitt romney sparks a debate on classroom size. he says it doesn't matter. but parents and teachers disagree. we're going to get to the bottom line whether smaller classes really do produce better students. for up to 90% less breakage in three washes. for strong, healthy hair with life, new aveeno nourish+ strengthen. really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] ensure high protein... ensure! nutrition in charge!
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a warm welcome to the first grade class of ps-41 in new york who are visiting us this morning. all right. there's been brief moments on the campaign trail where education has surfaced, but just as quickly it fades away. we won't let that happen here
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because, bottom line, education matters to you, your family and the country's future. the campaigns have moved on to attacking each other's jobs records but let's stay on education. last week we told you how mitt romney called our poor education system the civil rights issues of our time in front of teachers and education time. he also argued that based on his experience after governor of massachusetts and evidence gathered during that time, class size doesn't affect the quality of a student's education. >> the school district with the smallest classroom, cambridge, had students performing in the bottom 10%. so just getting smaller classrooms didn't seem to be the key. >> i can't think of any teacher in the whole time i've been teaching over ten years, 13 years who would say more students would benefit them. >> of course. >> i can't think of parent that would say i would like my teacher to be in a room with a lot of kids and only one teach sneer what do the numbers say?
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let's take a look at the results from a study in tennessee. the green bar represents classes with math students 13. the blue bars are classrooms with 134 to 25. students with small classes scored up to 11% higher than their peers and they continued to score higher even after they moved out of the small classes and into classes with more students. now that study suggests that smaller classes for young children, young children in particular produce better students. now, in finland that's the case. according to international ranks, finnish students score near the top. their class size? about 20 students. south korea also ranks highly in each subject, but south korean classrooms are more crowded with an average of 29 students. well, let's look at the united states. we're in the middle in class-size with an average of 24 students in each classroom but we rank much lower in achievement. 13th in reading, 27th in math
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and 19th in science. you've heard from politicians and academics on this. let's bring in a teacher. sara weslyn joins us. last year arne duncan said he would prefer to his his children in a large class with great teacher than a smaller class with a mediocre teacher. my question is does teacher quality trump class size? >> well, you know, there really is nothing that can replace a quality teacher in a classroom. i think that part of this discussion is our desire to think that we can leverage, that we can take our most effective teachers and put as many students as possible in their classrooms and they can leverage that effect for all students. you know, the truth is for my own children, i would want them to be in classrooms where they do have effective teachers, but those teachers are not asked to leverage that effectiveness to
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create factories out of the classrooms, and think that's an important purt f the conversation. >> it's not only how many students are in the class roop. it's how they're being taught. technology is also changing the traditional teaching model as well. as we move forward, maybe technology allows for bigger classrooms. >> if we're using the technology right. >> without compromising the quality of education for our kids. >> i certainly think the technology can inform different ways in the classroom but in the end, if we're going to move any single student from point a to point b, they have to have a teacher, an instructor, someone guiding them right by their side to really help facilitate that learning process and we can't replicate that through technology. we still need that person to person contact. >> former secretary bill bennett said the most important classroom is the home. those classrooms have a student/teacher ratio of 1:1.
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when i talk to teachers i thank you about it and they say parental involvement for them is a big part of this debate too. >> oh, absolutely. i mean we know that things that happen outside of school impact the things that happen inside the school. we know that. i also really believe that most parnlts are sending to us the very best kids they krks and when it comes to us in the classroom, are parnltds part of the solution? absolutely. should they be our scape goats? >> no. >> all right. sarah wessling, have a nice vacation. coming up, the job market, we'll look at how a strategic approach could lead to being the new rich. stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day
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entry-level hiring may not be back to where it was before the recession but it's the best we even seen it since 2008 especially in business, accounting, engineering technology. job growth slowed in may and job career seekers are more focused than ever. >> today i see all the thing i need to work on. >> approaching someone and being able to do it. >> the plan is simple. meet people and start a conversation. >> when it's competitive like this and there are a lot of job seekers out there, the best moves are the most basic ones. >> no question they're coming
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into a labor market that's not very forgiving. only 69,000 jobs created in the month of may. that means anyone looking for a job at 8.2% unemployment, every edge counts. >> i've been trying to work on job search every day. >> maria recently added mba to her market search. she hired career coach caroline levine for help. >> it means you have to work and do something for your search almost every day. >> her job coach says it's poshltd to keep evolving with the job market, build contacts, use social media, and don't just pursue one type of position. keep your options open. >> people looking for that magic bullet, that one thing to do, will spend a lot of time on a resume when they really should be doing multiple things. >> for mark headley and nikki

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